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Property profile & analytics
OFF-MARKET
Office Spaces

251 19Th St New York, NY 10011

2,256 SF
Property ID
Property summary
AI-generated overview

This exceptional 2,256 square foot triplex medical office condominium, located at 251 West 19th Street in the heart of Chelsea, presents a unique investment opportunity. Situated between 7th and 8th Avenues, this suite boasts a private landscaped street entrance and convenient access via the building's lobby and lower-level elevator. The thoughtfully designed space includes two waiting/reception areas (main and lower levels), four restrooms, three exam rooms, two offices/consult rooms, a nurse's station, a lab, a procedure room, three storage areas, and a kitchenette. Central air conditioning is installed on the ground and second floors, supplemented by two split units on the lower level. Currently configured for internal medicine, this adaptable space is suitable for various medical specialties. Alternatively, subject to Department of Buildings and Board approval, it can be converted into a three-bedroom/den, 2.5-bathroom residence. The property benefits from excellent public transportation access via multiple subway lines and bus routes, and its proximity to major hospitals like Lenox Health Greenwich Hospital and NYU Langone enhances its appeal. Additional features include a two-story atrium waiting room, new oversized soundproof windows with motorized shades, and a low monthly common charge of $1,654.61. The annual real estate tax is $38,833.44. Please note a 0.75% flip tax is payable by the buyer, along with two months of common charges.

Property profile
Verified
Property type Office Spaces
Total area 2,256 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Higgins Lawrence A DO Physician
  • Ethan Cohen Gallery Art Gallery
  • Threaded Tales Department Store
  • Chelsea Nineteen Condominium Condominium Complex
  • Patient Service Center Medical Laboratory Blood Testing Service
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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